Mitie Group (LON:MTO) Stock Crosses Above Two Hundred Day Moving Average – Should You Sell?

Mitie Group plc (LON:MTO) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 170.25 and traded as high as GBX 178.40. Mitie Group shares last traded at GBX 176.60, with a volume of 67,632,078 shares changing hands.

Wall Street Analysts Forecast Growth

MTO has been the topic of several recent analyst reports. Royal Bank Of Canada upped their price objective on shares of Mitie Group from GBX 195 to GBX 205 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Mitie Group from GBX 170 to GBX 190 and gave the company a “buy” rating in a report on Tuesday, January 27th. Finally, Berenberg Bank restated a “buy” rating and set a GBX 210 price objective on shares of Mitie Group in a report on Friday, April 17th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Mitie Group presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 188.20.

Mitie Group Trading Up 0.5%

The stock has a 50-day moving average of GBX 174.58 and a 200 day moving average of GBX 170.30. The stock has a market cap of £2.23 billion, a PE ratio of 24.25, a price-to-earnings-growth ratio of 10.10 and a beta of 0.87. The company has a quick ratio of 0.83, a current ratio of 0.94 and a debt-to-equity ratio of 120.44.

Mitie Group Company Profile

Mitie Group plc, together with its subsidiaries, provides facilities management and professional services in the United Kingdom and internationally. The company operates in four segments: Business Services, Technical Services, Central Government & Defense (CG&D), Communities. The company provides decarbonization, electrical grid connections, emission intelligence, energy and carbon, EV fleets, and heat solutions, as well as solar energy; cleaning and hygiene, engineering maintenance, integrated facilities management, landscape, and waste management services; project and workplace services; and Fire & security systems, front of house, intelligence, vetting, and security guarding service.